Deribit Options Bulk Data: A user purchased call options for $3400 at the end of September, and sold call options for $4400
Bitget2024/07/01 04:03
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In a message from ChainCatcher, Lin Chen, the head of Deribit's Asia-Pacific business, stated on social media that a user purchased call options for $3400 at the end of September and sold call options for $4400 at the end of September, totaling 2500 ETH. The user paid a premium of $738,000. This user bought bull market spreads between $3400 - $4400 in September to reduce costs; if the price exceeds $3700 upon expiration, they will make a profit.
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